Luxembourg, 20th April, 2009 - Metro International S.A. ("Metro
International" or the "Group") (MTROA, MTROB), today announced its
financial results for the first quarter ended 31st March 2009.
Information was submitted for publication on 20th April, 2009 at 8:00
A.M. CET.
FIRST QUARTER HIGHLIGHTS
* Total net revenues decreased year-on-year in the first quarter by
24 percent to EUR 55.6 million (2008: EUR 73.4 million). Net
revenues declined by 19 percent excluding Metro Spain that was
closed in January 2009 and by 17 percent when adjusting for
foreign currency movements.
* The operating loss excluding Spain was EUR 10.1 million in the
first quarter. The total operating loss was EUR 14.7 million
(2008: operating loss of EUR 5.6 million).
* The net loss for the first quarter was EUR 15.3 million (2008:
loss of EUR 6.4 million).
* Operating costs declined year-on-year in the quarter by 14
percent to EUR 40.3 million (2008: EUR 46.6 million). Further
cost-savings were implemented in the fourth quarter 2008 and in
the first quarter 2009 will have full effect from the second
quarter 2009 and onwards.
* Costs incurred at headquarters declined year-on-year by 23
percent in the first quarter to EUR 4.4 million (2008: EUR 5.7
million).
* In March, Metro launched in Moscow with an approximate
circulation of 500,000 daily copies.
* Overall readership increased year-on-year by 12 percent for the
Group.
* The net loss per share for the first quarter was EUR 0.03 (2008:
loss of EUR 0.01).
DISCUSSIONS WITH POTENTIAL BIDDER TERMINATED
* Metro International has earlier today announced that the
discussions with a potential bidder have been terminated. The
Board of Directors of Metro International will therefore continue
with the new issue of Swedish Depository Receipts ("SDRs") over
subordinated debentures and over warrants with preferential
rights for existing holders of SDRs.
CONFERENCE CALL
Metro International will host a conference call today at 10.00 A.M.
CET which will be broadcast live on the internet and as a conference
call.
Participants can take part in the call either through the audiocast
or the conference call.
To view the Internet Audiocast:
A live audiocast of the presentation will be available on
www.metro.lu, 20th April 2009 at 10.00 A.M. CET.
To participate in the conference call, please dial in on the
following numbers:
Sweden Tel: +46 (0)8 505 598 53
UK / International Tel: +44 (0)20 304 324 36
US free phone number Tel: +1 866 458 40 87
Conference call participants can access the presentation slides on
http://www.metro.lu/node/79.
For those unable to listen to the live broadcast, a replay will be
available at Metro's website www.metro.lu approximately one hour
after the event.
For further information, please visit www.metro.lu or contact:
Per Mikael Jensen, CEO and President tel: +44 (0)20 7016 1300
Anders Kronborg, CFO tel: +44 (0)79 12 540 800
Ingrid Selden, IR contact tel: +44 (0)77 25 245 881
DATE OF NEXT REPORT
Metro's financial results for the second quarter ended 30th June 2009
will be published on 20th July 2009.
Metro International's 2008 annual report will be published by end of
April 2009 and will be on Metro International's website www.metro.lu
METRO INTERNATIONAL S.A. ANNUAL GENERAL MEETING 2009
The 2009 Annual General Meeting will be held on 26th May 2009 in
Luxembourg. Shareholders wishing to have matters considered at the
Annual General Meeting should submit their proposals in writing to
agm@metro.lu or to the Company Secretary, Metro International S.A,
2-4 Avenue Marie-Therese, P.O. BOX 285, L-2132 Luxembourg, at least
seven weeks before the Annual General Meeting, in order that the
proposal may be included in the notice to the meeting. Further
details on how and when to register will be published in advance of
the Meeting.
***
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is
published in over 100 major cities in 18 countries across Europe,
North & South America and Asia. Metro has a unique global reach -
attracting a young, active, well-educated Metropolitan audience of 17
million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm
through Swedish Depository Receipts of series A and series B under
the symbols MTROA and MTROB.
FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31ST MARCH 2009
| Source: Metro International S.A.